HDFC Bank beats SBI in Covid-19 scheme loans

Wed Feb 10, 2021

Synopsis Of the total loans of Rs 1.4 lakh crore extended by banks up to January 25, 2021, HDFC Bank has disbursed Rs 23,504. This is nearly 17% of the loans sanctioned. SBI, with disbursals of Rs 18,700, has a market share of 13.3%. According to banking analysts, this demonstrates HDFC Bank’s capabilities in lending to small businesses.

HDFC Bank has outdone State Bank of India NSE -0.71 % (SBI) in disbursements under the Emergency Credit Line Guarantee Scheme (ECLGS) introduced by the government as a part of the Covid relief package. The scheme involved a government guarantee for additional loans, up to Rs 3 lakh crore, extended to businesses facing stress due to the Covid pandemic.

Read more at:
https://economictimes.indiatimes.com/industry/banking/finance/banking/hdfc-bank-beats-sbi-in-covid-19-scheme-loans/articleshow/80780836.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

Himanshu Negi 

Delhi based writer, lover of food, oceans, and nature.

 
Powered By Spayee